American Eagle Financial CU CEO Retires | Journal of Credit Unions
Dean Marchessault, longtime president and CEO of the American Eagle Financial Credit Union in East Hartford, Connecticut, will retire at the end of the year.
Marchessault will be replaced by Senior Vice President Howard Brady as chief executive of the $ 2.3 billion asset institution, he said Monday.
Brady has been Senior Vice President and Director of Loans at American Eagle Financial CU since 2015. The transition will be effective January 3, 2022.
âDean has helped increase American Eagle’s recognition as a leader and significant contributor within the community,â President Michael DePasquale said in a press release. “We are confident that Howard will provide the leadership necessary for the credit union to continue on its path to success, and we congratulate him on his promotion and new responsibilities.”
Marchessault worked at American Eagle Financial, Connecticut’s largest community credit union, for 22 years, the last seven as President and CEO.
When Marchessault was at the helm, the number of members of the caisse rose to over 160,000 members. The credit union recently opened its first office in New Haven County.
The company received approval to expand its membership scope to western Massachusetts in 2019.
âBeing President and CEO of AEFCU has been a great honor, and words cannot express how I feel about our American Eagle family,â Marchessault said in the statement. “This transition will be bittersweet for me, but I know it will be smooth thanks to the amazing team we have in place.”